average propensity to import

Average Propensity to Import

The amount of money a person spends on imports as a percentage of total income. For example, if one makes $50,000 and spends $10,000 on imported goods, the average propensity to import is 20%. It should not be confused with the marginal propensity to import.

average propensity to import (APM)

the fraction of a given level of NATIONAL INCOME that is spent on IMPORTS:

Alternatively, imports can be expressed as a proportion of DISPOSABLE INCOME. See also PROPENSITY TO IMPORT, MARGINAL PROPENSITY TO IMPORT.

单词	average propensity to import
释义	average propensity to import Average Propensity to Import The amount of money a person spends on imports as a percentage of total income. For example, if one makes $50,000 and spends $10,000 on imported goods, the average propensity to import is 20%. It should not be confused with the marginal propensity to import. average propensity to import (APM) the fraction of a given level of NATIONAL INCOME that is spent on IMPORTS: Alternatively, imports can be expressed as a proportion of DISPOSABLE INCOME. See also PROPENSITY TO IMPORT, MARGINAL PROPENSITY TO IMPORT.
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